equity loan charge off

Forums ›
Finance

equity loan charge off in: Subjects › New User Question

filter:

Tell A Friend
Text Only
Search this Topic »
Classic

Page :
1

snoopy22
New Member

alert mods

rated:

posted: Oct. 24, 2009 @ 9:21a

I have recently been notified that Washington Mutual is charging off my equity loan for being 150 days overdue which I contest isn't accurate. They suggested they were open to setting up a payment plan but only offered full payment or short sell my home. Not sure if anyone else has encountered this problem with WAMU or another mortgage lender. Any ideas?

Quick Summary
view history

posted: Oct. 24, 2009 @ 9:21a

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

tags: new user question, Personal finance
edit

also categorized in:
- Subjects › New User Question
- Subjects › Personal Finance

Xnarg
Loyal Member

alert mods

rated:

posted: Oct. 24, 2009 @ 9:45a

How many days do you contend the loan is overdue?

SUCKISSTAPLES
Charter Member

alert mods

rated:

posted: Oct. 24, 2009 @ 10:39a

what is the balance?

Many heloc lenders are taking ten cents on the dollar for underwater helocs

snoopy22
New Member

alert mods

rated:

posted: Oct. 24, 2009 @ 10:44p

90 days overdue - the balance they are offering is 55% of what I owe but must be a full payment

SUCKISSTAPLES
Charter Member

alert mods

rated:

posted: Oct. 25, 2009 @ 4:21a

what is the balance?

Most of us non deadbeats would be thrilled to get 45 percent off our debts to make a lump sum payment

snoopy22
New Member

alert mods

rated:

posted: Oct. 26, 2009 @ 3:31p

I glad you list me as a deadbeat, like yourself, I have offered to pay what I owe, and have made payments to make current my loan, trust me if I had access to $27,200 I would take them up on their offer.